Sound Shore Management Inc. CT Sells 91,530 Shares of Capital One Financial Corporation $COF

Sound Shore Management Inc. CT lessened its position in Capital One Financial Corporation (NYSE:COF) by 20.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 365,756 shares of the financial services provider’s stock after selling 91,530 shares during the period. Capital One Financial comprises about 2.8% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 15th biggest holding. Sound Shore Management Inc. CT’s holdings in Capital One Financial were worth $88,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COF. Norges Bank bought a new position in shares of Capital One Financial in the fourth quarter worth approximately $2,089,803,000. Capital International Investors lifted its stake in shares of Capital One Financial by 107.9% in the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after buying an additional 2,097,208 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after buying an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after buying an additional 1,339,215 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 3.3%

COF opened at $177.75 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 1-year low of $174.98 and a 1-year high of $259.64. The company has a market capitalization of $110.61 billion, a PE ratio of 62.37, a PEG ratio of 0.67 and a beta of 1.03. The firm’s 50 day simple moving average is $189.14 and its two-hundred day simple moving average is $208.49.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. The firm’s revenue was up 52.3% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 19.13 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio is 112.28%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on COF shares. Royal Bank Of Canada dropped their target price on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. TD Cowen dropped their target price on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Evercore lowered their price objective on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company lowered their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Truist Financial lowered their price objective on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 over the last three months. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.